Karmacat: I'm passionate about my DFW journey to riches

boredofbeingathome

Healthy profits there KC. I like the positive thinking course, i have been reading up on all of these suggestions.

Keeping_Positive

Hi KC

LOL about the name mix up and sorry to KM if I pinched a name that was too similar to yours. I had to think of something not as obvious as my first name.

This family research sounds great something Id love to do. Not sure if I have the patience. I really wich I had got to know my grandparents before they passed away. The things I hear about them are amazing like my Grandmother tracelling back from Malta on a boat after the start of WWII with a baby and two year old. She had ignored the warning from my Grandfather who was based pre war in Alexandra about the imminent war.

Any ways thats enough twittering about me. Great news on the money makign KC and that you are feeling a bit better.

Karmacat

Hi KP!

Yep, I was horrified at the name mix-up, as I say I'd popped on to your thread to make sure I wasn't mixing up, and I did it anyway I have to laugh now, but I felt terrible, the whole do-as-you-would-be-done-by thing, you know.

I'm feeling a lot better - I love genealogy research, so I'm spending the odd hour here and there doing stuff. Fascinating about your grandparents - you could probably research that ship. There's a novel trilogy, too, by Olivia Manning, about life in Alexandria during the war. My dad was around there in the war - he was a driver in a wireless reception unit, he travelled up and down that coast.....

Hi Bob!

Yep, the money dribbles in, and the positive thinking course was *very* interesting last night. I'm not sure I could explain/repeat what I learned, tho I'm going to write up some notes. What I can say is that the image I had beforehand of what positive thinking is, was a complete travesty of the real thing.

GettingThingsDone

Hi KC - thanks for the pm's - my head is spinning now after following some of those links...

Hope you're having a great day!

gtd

Karmacat

Hiya, yep, I'm good - been hopping on and off here all day, between following links of my own - just finding out *quite* how many financial sites have videos on youtube - google "MACD" ( moving average convergence divergence) and you'll find some wonders - a bloke called markofibo is an absolute star, I'm just about to sit down with a cuppa tea and watch him. Well, his chart, with arrows wibbling all over it. So yeah, a good day!

Hope yours is too - I don't want to give you brain ache, sorry!

GettingThingsDone

It's good brain ache thanks Learnt so much, so thanks.

Beware MACD - watch this: http://laphilosophiedelinvestissement.blogspot.com/2008/12/nassim-taleb-on-markets.html

gtd

Karmacat

Okay GTD, you guys are driving me crazy with The Black Swan!:rotfl: :rotfl::rotfl: He's not saying a dickybird about MACD in particular! I love the guy, I do, and I think his thesis is brilliant, also true (which is different) but unless you want me to sit on my hands for the rest of my life, I have to cope with uncertainty :cool:

I'm looking at trades of 15minutes duration, on a particular system (I won't bore with the details, but the setup *is* detailed, believe me. The exit is too). If I were to stay away from something of that length because of the fear of what unknown events might do, well, we might just as well all stop breathing! :eek: You live your life in spite of uncertainty, no? The interview itself talks about how he made money by his analysis - but it wasn't a sure thing, it never is.

And anyway, unknown events are what stoplosses are for. Thats me coping with uncertainty.

Of course, all the above would be a lot more believable if I was trading regularly :D:D, which I'm not, tho I did trade last week and made a profit.:T

And I *do* have to thank you, seriously, for giving me that link - it was good to hear The Black Swan Guy speak in person, and just as good to get that site - I lost it when I switched browsers to Firefox.

:A:A:A:T:T:T:A:A:A

Karmacat

GTD! I've had An Insight! You're actually a messenger, sent by the universe, to tell me one more way to help get to grips with my fear! After all, I have this very precise system, and even so, it doesn't always work - nothing ever does, in the stock market. And accepting that Uncertainty - geddit? uncertainty, Black Swan type uncertainty - is essential. Ooh! Now I'm definitely going to buy the book. And I'm definitely going to shut down the laptop, I'm off to London in 15minutes.

Hope everyone has a good day.

ZTD

Karmacat wrote: »

Okay GTD, you guys are driving me crazy with The Black Swan!:rotfl: :rotfl::rotfl: He's not saying a dickybird about MACD in particular! I love the guy, I do, and I think his thesis is brilliant, also true (which is different) but unless you want me to sit on my hands for the rest of my life, I have to cope with uncertainty :cool:

His thesis is not about uncertainty per se - but about very tiny probability events that are devastating.

There's two extremes of dealing with such events - one is to just ignore them and take no precautions and assume they will never happen - like the New Orleans people just before Katrina.

The other is to prepare for them and to revolve your life around them - like those people stuck in a bunker waiting for the asteroid that will wipe life from Earth.

I suppose there is a third way which is to ameliorate some of the effects of a "black swan" (very unlikely event) such as (for example) keeping a few big bags of pasta in the back of a cupboard in case the supermarkets shut down for a week.

It'll not be plain sailing for you (you'll hate the taste of pasta after a week) but it'll be a lot better that those without the pasta - but it also doesn't change your life much or cost much either.

pandapaws

How come every time I read too much of this thread, I slowly discover that I know absolutely nothing about anything?:o

So, back a few pages to my level...you did hoovering? :rotfl:

Really pleased to hear you sounding so positive KC. Potentially good news about the ISA from your mum? Has she decided what to do with it yet?